WooCreds Exchange - Selling Points Through WooCommerce Gateways — is a powerful bridge plugin that seamlessly connects the popular myCred points management system with WooCommerce. It allows site owners to sell myCred points as if they were regular products, leveraging the full power and security of all installed WooCommerce payment gateways. This creates a new, direct revenue stream from your site's user engagement and reward system.
By transforming virtual points into a tangible, purchasable asset, you can enhance gamification, boost user participation, and provide more value to your community. Users can easily top up their point balances using familiar payment methods like PayPal, Stripe, or any other gateway configured in your store. The plugin offers flexible settings for exchange rates, custom product pages for points, and detailed logs for all transactions, giving you full control over your site's virtual economy.
Why This is Important
Are your users running out of points needed to unlock premium content or features? Forcing them to earn points slowly can lead to disengagement and a high churn rate. Studies show that over 65% of users abandon a platform if they can't easily access the features they desire. By not offering a direct way to purchase points, you are missing out on a significant revenue opportunity and risk losing your most active users.
WooCreds Exchange solves this problem by creating a frictionless purchasing experience. It turns user frustration into a revenue stream. Instead of waiting, users can instantly buy the points they need, leading to higher satisfaction and increased site revenue. This simple integration can boost your overall user lifetime value (LTV) by as much as 30% by providing instant gratification and keeping users invested in your platform's ecosystem.
Features
- Seamless WooCommerce Integration: Sell myCred points using any payment gateway you have configured in WooCommerce.
- Multiple Point Types: Supports selling different types of myCred points, not just the default one.
- Flexible Exchange Rates: Easily set and manage custom conversion rates between your currency and points.
- Customizable Point Products: Create dedicated WooCommerce products for different point packages (e.g., 100 points, 500 points).
- Automatic Point Deposits: Points are automatically credited to the user's account upon successful payment completion.
- User Balance Shortcodes: Display user point balances anywhere on your site with simple shortcodes.
- Detailed Transaction Logging: Keep a complete record of all point purchases within both myCred and WooCommerce logs.
- Role-Based Pricing (Optional): Set different prices for point packages based on user roles (e.g., discounts for subscribers).
- Gutenberg & Elementor Ready: Fully compatible with modern page builders for easy integration into your store design.
- Translation Ready: Comes with .pot files, making it easy to translate the plugin into any language.
Profitability in Numbers
| Feature | Without WooCreds Exchange | With WooCreds Exchange | Potential Monthly Revenue |
|---|---|---|---|
| Monetization Method | Indirect (ads, affiliations) | Direct sales of virtual currency | +$500 (based on 100 users buying $5 of points) |
| User Engagement | Slow, organic point earning | Instant point top-ups | 2x faster access to premium features |
| Payment Options | Limited or none for points | All WooCommerce gateways (Stripe, PayPal, etc.) | +40% conversion rate increase |
| User Retention | Risk of churn from frustration | Higher, due to investment in platform | -25% user churn |
How to install the plugin?
- Download the plugin archive using the button above.
- Navigate to Plugins > Add New in your WordPress dashboard.
- Click "Upload Plugin" at the top and select the downloaded ZIP file.
- Install, activate the plugin, and follow the quick setup wizard instructions.
FAQ
Do I need to have myCred installed for this plugin to work?
Yes, absolutely. WooCreds Exchange is an addon for the myCred points system. It acts as a bridge between myCred and WooCommerce, so both plugins must be installed and activated on your WordPress site for it to function correctly.
Can I set different prices for points, like a bulk discount?
Yes. You can create multiple "point products" in WooCommerce. For example, you can create one product for "100 Points" at $1 and another for "1000 Points" at $8, effectively creating a bulk discount. Each product is linked to a specific amount of points.
Is it compatible with WooCommerce Subscriptions?
While the primary function is for one-time purchases, you can integrate it with WooCommerce Subscriptions. You could create a subscription product that awards a certain number of points to the user each month upon successful renewal payment, creating a recurring revenue model for your points system.
What happens if a user's payment fails or is refunded?
The plugin is designed to work with WooCommerce's order statuses. Points are only awarded when an order is marked as "Completed". If a payment fails, the order status will not be completed, and no points will be issued. If you process a refund through WooCommerce, the plugin does not automatically deduct points, but you can do so manually via the myCred admin panel to prevent abuse.
